An easy alternative to SBA loans.

Funding Circle offers the best parts of an SBA loan, but we make it faster and more flexible. Our SBA loan alternative was designed for small businesses who don’t want to go through the hassle of applying for an SBA loan or who simply don’t meet the the strict qualifying criteria. With low interest rates, SBA loans can be an attractive product for businesses. But they also come with with strict requirements and a cumbersome application process. We offer a faster and easier option — apply online in 10 minutes and get a decision in as little as 24 hours. We offer:

"Funding Circle is a unique and exceptional solution for small businesses. Their fast and easy process was a big advantage for my retail business."

We do what SBA lenders can't.

Unlike banks and other traditional lenders, we believe you are more than just a credit score. That’s why we look at your complete business profile to gauge financial and operational stability. We also offer competitive rates, exceptional service, convenient terms - and the process is faster and easier.

Why Funding Circle

Our U.S. co-founders started Funding Circle because they were small business owners themselves and had experienced first-hand how hard it is to access affordable and transparent financing. When they couldn’t get a loan to grow their small business — despite the company’s great success — they knew something was wrong. The traditional bank loan system was broken. So, they set out to build a better solution for American small business owners.

A cut above the rest

If you need business funding, this is your place. They were a lifesaver!-Kenny

Excellent

Shocked!

Thanks to the Funding Circle team for the support. The loan application process was simple to follow and processed quickly. They stepped in to support my business when the banks were useless.- David

★★★★★based on reviews

Frequently Asked Questions

What is an SBA loan?

A Small Business Administration (SBA) loan provides a government-backed guarantee on part of the loan. SBA loans are made through banks, credit unions and other lenders who partner with the SBA. Typically, the terms, rates and fees associated with SBA loans are favorable to small business owners and entrepreneurs, making them a strong choice for those who qualify. Funding Circle’s SBA loan alternative offers an excellent option for businesses who don’t want to go through the hassle of applying for an SBA loan or for businesses that simply don&rsqou;t meet the SBA’s strict qualifying criteria.

How does an SBA loan differ from a Funding Circle term loan?

The SBA’s 7(a) loans allow you to borrow up to $5 million. We allow you to borrow $50,000 – $500,000. 7(a) loans are also partially guaranteed by the Small Business Administration qualifying them for low interest rates (between 5% and 9% in 2016). Our rates are 4.99% to 27.79%, and your specific rate will be determined by the length of the loan (in years) and the strength of your credit profile. One major difference is that it can take up to six weeks to get funds from an SBA loan. We can get you funding in as few as 10 days.

How long does it take to apply for alternative SBA financing through Funding Circle?

Funding Circle’s application process is quick, easy, and transparent. You can apply for a loan in just 10 minutes, and get the money in your bank account in as few as 10 days — much faster than the typical six-weeks it takes to get funding with an SBA loan.

Why should I borrow from Funding Circle as opposed to a bank or other lender?

While the underwriting process at traditional banks can be clunky and opaque, Funding Circle delivers a best-in-class experience to our business customers. You’ll work with a dedicated loan specialist who will guide you through the entire application process and remain focused on meeting your unique financing needs. And we will never leave you waiting — you’ll have a decision from us in as little as 24 hours. We also deliver competitive rates, with no prepayment penalty.

What will my rate be?

Small business loan interest rates will be between 4.99% and 27.79% and will be based off the length of the loan (in years) and the strength of your credit profile.

Is there a prepayment penalty?

No.

Is there a daily repayment?

No, our payments are due monthly, every month starting one month from the day your loan is funded.